RSP Investment Options
BMO understands that everybody's retirement needs are unique. That's why we offer a wide range of RSP investment options. Uncover your Investment profile and find investment vehicles that meet your retirement planning and objectives here.
BMO RSP Premium Rate Savings Account
Provides the security and flexibility to access your funds at any time without penalty, while earning a premium rate of interest. Eligible for the Continuous Savings Plan.
BMO RSP Premium Rate Savings Account
An investment option offering flexibility and security while ensuring your money earns a premium rate of interest:
- Transfer your entire balance – or just a portion – at any time with no interest penalty.
- Invest almost as little or as much as you want, or arrange a Continuous Savings Plan that spreads your contribution over the year.
| Currency | Canadian dollars |
|---|---|
| Term | Not applicable |
| Cashability | Fully or partially cashable at any time, or transferable to another BMO investment. |
| Interest payment options | Interest is calculated on daily closing balance and paid monthly. |
| Minimum investment amount | $50 to a new plan; $25 to an existing plan |
| Registered plan eligibility | Only eligible for RRSP. (Non-registered Premium Rate Savings Account also available.) |
| Available to business banking clients? | No |
| View Current Rates | View current Canadian dollar rates |
You may also be interested in a non-registered Premium Rate Savings Account, available in both Canadian and U.S. dollars. (Not available to business banking clients.)
BMO Guaranteed Investment Certificates (GICs)
GICs offer the combined benefit of principal protection and growth. The return of your original investment is guaranteed, and you'll receive a guaranteed rate of return. The rate depends on the GIC term you choose, and interest rates at the time you invest. Some GICs offer features such as market-linked returns, which provide potential for higher returns that depend on the performance of financial markets.
BMO Mutual Funds
Our wide selection of professionally managed mutual funds can meet all your RSP investment needs. BMO Mutual Funds let you design a portfolio that suits your retirement investment objectives and risk profile.
With BMO Mutual Funds you benefit from professional management, diversification, investment ease and convenience, and the opportunity for higher returns. Plus, there are no fees for purchases, switches and redemptions.
Self-Directed RSP
A self-directed RSP lets you manage a wide range of securities under the umbrella of a single RSP. It's ideal for investors who want a diversified portfolio of many investment types—including individual stocks, bonds and mutual funds. A self-directed plan allows maximum investment and management flexibility.
